# Soybeans post biggest price decline in 20 years | Feed Strategy

> The US Soybean Export Council says a glut of soybeans has pushed prices below production costs in parts of the US, and suggests this summer may be a better time to buy than sell. The article notes robust demand despite the price drop.

- Date: 2024-07-24 · published 2024-07-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29283-soybeans-post-biggest-price-decline-in-20-years-feed-strategy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy supply and weak prices keep soybean and meal values under pressure, though strong export demand limits the downside.

## Read by commodity

- SOY: bearish ▼

## Sources

- feedstrategy.com: https://www.feedstrategy.com/business-markets/commodities/article/15680194/soybeans-post-biggest-price-decline-in-20-years

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.